{"id":15967,"date":"2021-03-24T12:30:20","date_gmt":"2021-03-24T07:00:20","guid":{"rendered":"https:\/\/itatonline.org\/digest\/big-bags-international-p-ltd-v-dy-cit-2021-430-itr-434-karn-hc\/"},"modified":"2021-03-24T12:30:20","modified_gmt":"2021-03-24T07:00:20","slug":"big-bags-international-p-ltd-v-dy-cit-2021-430-itr-434-karn-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/big-bags-international-p-ltd-v-dy-cit-2021-430-itr-434-karn-hc\/","title":{"rendered":"Big Bags International (P.) Ltd. v. Dy.CIT (2021) 430 ITR 434 (Karn.)(HC)"},"content":{"rendered":"<p>Allowing the appeal the Court held that the Revenue had not challenged the order passed by the Tribunal and had accepted the view in favour of the assessee. Admittedly, the assessee had written off the bad debts to the tune of Rs. 3,33,79,791 in its books of account and had complied with the mandate contained in section\u00a036(2)\u00a0. The amount was deductible for the assessment year 2010-11.( AY.2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(vii) : Bad debt-Amount written off  in accounts-Allowable as deduction-Res Judicata-Not Applicable-Principle of  consistency is  applicable. [S. 36(2)]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-15967","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-49x","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=15967"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15967\/revisions"}],"predecessor-version":[{"id":15968,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15967\/revisions\/15968"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=15967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=15967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=15967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}